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I understand that IRA loans need to be non-recourse. I talked to a commerical RE lender who does the Freddie Mac Commercial loans and his sample loan doc has the following language:Non-recourse to Borrower and Guarant...
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Hello! we're in contract to purchase a property in Sedona arizona. If you don't know it, it's a super small tourist town about 9,000 people, huge tourist destination with beautiful red rocks.we have a great off market...
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Good Day All,I am a new investor in Pennsylvania and am searching for a residential lease that is legal and binding in my state. My understanding is leases are state specific and PA in particular has certain requirem...
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Several threads recently have discussed the ethical standard of suitability in real estate. In other words, are the buyers or sellers sophisticated enough to understand the risks of a financial arrangement if it is d...
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Can you guys please share about commercial loans?So my understanding its more complicated than residential loans..1) Debt to service ratio should be more than 1.2...What does it mean?2) every 5 years interest rate cha...
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Hi All! I have a quick question regarding what a landlord can require in terms of repairs. I've been living in my place for a couple years now. It was just sold to a new owner, and he wants to set up a new lease. It a...
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Hello all,We recently purchased and rented out a town-home, and discovered that after the tenant had moved in, signed lease - that although we had cleaned the place (basic carpet, windows, walls, counters etc.) we did...
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Specifically this situation:
A wholesaler pays a mail man for the address of a vacant property. The wholesaler is not a licensed RE salesperson/broker.
Is this an illegal activity for the wholesaler, the mail man...
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I'm a licensed real estate broker in Texas and have focused my real estate activities on helping clients through standard brokerage services: buy, sell, rent, or lease. I'm in a better cash position than I was when I...
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Hi all,
My wife and I are doing our first house hack and beginning a renovation on our place in January. We need to get all new appliances (fridge, dishwasher, W/D, stove, etc). We plan to live in the house for 2-3 ...